Governance and Efficiency With and Without Government
41 Pages Posted: 13 Aug 2018 Last revised: 2 Dec 2019
Date Written: April 27, 2018
This paper explores the relationships between forms of governance and efficiency, in societies with and without State, with several specific agent behaviors. Using a theoretical framework where the private agents are, or are not, able to efficiently coordinate their actions, we study how forms of governance affect the level of welfare of each society.
Keywords: Governance Capacity, Public Good, Public Choice, Efficiency
JEL Classification: H11, H23, H41
Suggested Citation: Suggested Citation